Tudor Scolca
Tudor Scolca-Seușan is an Associate Editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2017 and is passionate about doing research for the two publications. He is responsible for data center and industrial coverage on CPE, writing seasonal metro reports on multifamily, interviews and features, as well as occasionally editing news stories.
Harrison Development Buys AZ Distribution Center for $14M
Central Arizona Distribution Center has 379,972 square feet available for leasing. The property is located near the interchange of I-8 and I-10, providing easy access to several major cities.
Armada Hoffler Initiates Phase VI of VA Development
Town Center, an ongoing partnership between Armada Hoffler Properties and the City of Virginia Beach, has seen more than $560 million in public and private funding. Phase VI brings two national retailers, as well as additional restaurants and apartments.
T5 Begins Next Phase of Chicago Facility
The data center owner and operator will add two megawatts to T5@Chicago. The site is primed for a future 170,000-square-foot, 16mW expansion.
Fuqua to Develop ATL Mixed-Use Asset
Madison Yards, in Atlanta’s Reynoldstown, is Fuqua Development’s newest mixed-use project. The company plans to invest $250 million in the 17-acre site to develop 600 residential units and 130,000 square feet of retail, restaurant and office space.
Atlanta Business Park Trades for $3.2M
The 45,960-square-foot multi-tenant asset was 95 percent leased at the time of the transaction. Earlier this year, it was subject to a refinancing deal which included several industrial assets.
Equinix Expands DC Footprint
DC12 is Equinix’s new Ashburn, Va., International Business Exchange facility, located across the street from DC10. At full build, the 57,800-square-foot building will have approximately 3,000 cabinets for potential clients.
LMC to Manage, Lease NJ Shopping Center
The property is leased by ACME Supermarkets. Levin Management Corp. advised LMC Properties in acquiring the asset.
NAI Tapped to Lease New Atlanta-Area Industrial Asset
Prologis’ property, which is slated to come online by the end of 2018, is located just off Interstate 285 and will offer 245,000 rentable square feet.
CyrusOne to Expand DFW Presence
CyrusOne currently operates two other facilities in the DFW area. Together with the newly planned campus in Allen, the company’s footprint will exceed 1.7 million square feet.
QTS to Expand NoVa Footprint With Two New Facilities
The company plans to expand into multiple U.S. growing data center markets in the near future. In addition to the new Northern Virginia campus, it has also purchased land parcels in Hillsboro, Ore., and Phoenix.